2 The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 nts Number 101 Account Title Cash 126 Supplies 128 Prepaid insurance Debit Credit $ 7,500 30,500 7,600 167 Equipment 50,000 eBook 168 Accumulated depreciation-Equipment $ 25,000 173 Building 162,000 Print 174 Accumulated depreciation-Building 54,000 183 eferences 201 203 Land Accounts payable Interest payable 71,620 15,500 2,000 208 Rent payable 3,900 210 Wages payable 2,800 213 Property taxes payable. 900 236 Unearned revenue 14,700 251 Long-term notes payable 61,500 301 0. Tybalt, Capital 129,300 302 0. Tybalt, Withdrawals 10,900 404 Services revenue 105,000 406 Rent revenue 17,000 409 Interest revenue 4,500 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 7,500 623 Wages expense 43,300 633 Interest expense 4,800 Check my work 2 236 251 301 Unearned revenue 14,700 Long-term notes payable 61,500 0. Tybalt, Capital 129,300 302 0. Tybalt, withdrawals 10,900 404 Services revenue 105,000 406 Rent revenue 17,000 25 points 409 Interest revenue 4,500 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 7,500 623 Wages expense 43,300 633 Interest expense 4,800 eBook 637 Insurance expense 7,900 640 Rent expense 10,800 Print 652 Supplies expense 683 References 6,100 3,700 $ 436,100 $ 436,100 C raw Property taxes expense Totals Oro Tybalt invested $7,500 cash in the business during the year. The O. Tybalt, Capital account balance was $121,800 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of owner's equity for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. < Prev 2 of 4 Next >